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 <li>
<a href="https://smartkarma.com/entities/nortek-inc">Nortek Inc</a>. no longer exists as a publicly traded entity. Following its acquisition by Melrose Industries in 2016 for approximately $2.8 billion, the company was delisted and its various divisions were subsequently sold off to different buyers.</li>
 <li>The two primary segments of the former Nortek have new ownership: the HVAC business (Nortek Global HVAC) was acquired by Madison Industries in 2021 and later by Rheem in 2024, while the home technology and security business (Nortek Control) was acquired by Italian company Nice S.p.A. in 2021.</li>
 <li>Due to the sale and breakup of the company, a forward-looking financial analysis and valuation of the historical <a href="https://smartkarma.com/entities/nortek-inc">Nortek Inc</a>. is not applicable. The investment thesis has shifted to the performance and strategy of the acquiring companies (Rheem and Nice S.p.A.) and their integration of the former Nortek assets.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Nortek Inc. no longer exists as a publicly traded entity. Following its acquisition by Melrose Industries in 2016 for approximately $2.8 billion, the company was delisted and its various divisions were subsequently sold off to different buyers.
  The two primary segments of the former Nortek have new ownership: the HVAC business (Nortek Global HVAC) was acquired by Madison Industries in 2021 and later by Rheem in 2024, while the home technology and security business (Nortek Control) was acquired by Italian company Nice S.p.A. in 2021.
  Due to the sale and breakup of the company, a forward-looking financial analysis and valuation of the historical Nortek Inc. is not applicable. The investment thesis has shifted to the performance and strategy of the acquiring companies (Rheem and Nice S.p.A.) and their integration of the former Nortek assets.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

United States

Nortek, Inc. is a diversified manufacturer and distributor of building products for residential, light commercial, and commercial applications. The Company's products include residential ventilation products, home technology products, residential HVAC and commercial HVAC.

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Nortek Inc (NTK US)

Primer: Nortek Inc (NTK US) - Jul 2026

Nortek Inc. no longer exists as a publicly traded entity. Following its acquisition by Melrose Industries in 2016 for approximately $2.8...

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